Lycoming County is getting better financially
For the first year since the current board of commissioners took office, the county has been able to pay off the Tax and Revenue Anticipation Notes, known as the TRAN, which Commissioner Marc Sortman called a “great day” for the county. The TRANs are short-term municipal debt securities that are used to pay the bills before the expected tax revenue is collected. Sortman indicated that for three years, the county had not been able to pay off the TRAN and so were forced to refinance one TRAN with another one. “This is the first year since the three of us have been in office, and ...
